Our Buddhist trust in Thoothukudi wants to register with the state, what is the procedure under the law?
SA Asked by Sanjay Mishra from India
Quick Answer
Buddhist trusts are governed by Tamil Nadu Rent Control Act 1960 and the state's trust registration framework applicable in Thoothukudi.
Detailed Legal Analysis
Buddhist trusts are governed by Tamil Nadu Rent Control Act 1960 and the state's trust registration framework applicable in Thoothukudi. The Madras High Court has held that registration cannot be denied on arbitrary grounds and must follow the notified procedure.
You must apply to the registrar with the trust deed, resolution and KYC of trustees. The registrar issues a registration certificate and allots a registration number.
The trust must file annual returns and audited accounts with the registrar. Property of the trust must be held in the trust's name and alienated only with prior permission.
Refusal of registration is appealable to the Madras High Court.
Disclaimer: AI-generated for educational purposes only. Does not constitute legal advice. Consult a qualified practitioner.